About Sempo
Sempo was a Financial Services company based in Melbourne (Australia) founded in 2019. It provides a wallet solution for secure and convenient payments. It operates on a B2C model. Sempo has raised $1.13 million across 1 funding round from investors including European Union and Oxfam. The company is recorded as dissolved. Its focus areas include Payments, Digital Wallets and Mobile Payments. Its competitors include Beem It, mHITs and EonX.
Company details
Sempo operates with a B2C model, focusing on offering financial products and advice, facilitating payment transactions, offering digital wallets, and facilitating mobile payments. Provides a wallet solution for secure and convenient payments. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Melbourne, Australia
- SectorsFinancial Services
- Website withsempo.com
- Social X Facebook
- Total Equity Funding$1.13M (USD)
in 1 rounds
- Latest Funding Round$1.13M (USD), Seed
Jul 2020
- InvestorsEuropean Union
& 1 more
Funding Insights of Sempo
Sempo has successfully raised a total of $1.13M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.13 million completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.13M
- Total Rounds 1
- Last Round Seed — $1.13M
- First Round $1.13M
(Jul 2020)
- Investors Count 2
All 1 funding rounds of Sempo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2020 | $1.13M | Seed | – | Oxfam, European Union | – |
2 investors in total: 2 institutional.
Investors in Sempo
Sempo has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Oxfam.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global poverty is addressed through aid and advocacy efforts. | 1995 | oxfam.org | Oxford, United Kingdom | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Sempo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Sempo
2 dated milestones of Sempo across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Sempo is founded.
- Funding First funding round of $1.1M.
Competitors of Sempo
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| beemit.com.au | 2010 | Sydney, Australia | Peer-to-peer transactions are enabled through a mobile payment app. | |||
| mhitslimited.com | 2008 | Canberra, Australia | Provides mobile payment and remittance services for unbanked users worldwide. | |||
| eonx.com | 2014 | Camberwell, Australia | Loyalty and payment solutions are provided for consumers and businesses. |
Detailed competitors of Sempo
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Sempo
Sempo was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Sempo is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Sempo is a funded company, having raised a total of $1.13M across 1 funding round to date. The company's 1st funding round was a Seed of $1.13M, raised on Jul 2020.
Sempo operates with a B2C model, focusing on offering financial products and advice, facilitating payment transactions, offering digital wallets, and facilitating mobile payments. Provides a wallet solution for secure and convenient payments. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Sempo has 2 investors. Key investors include European Union, and Oxfam.